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Bangladesh E-Payment

  • Date Submitted: 08/26/2013 08:53 AM
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Course ID: F-404
Course Title: E-Commerce & E-Banking
Assignment on
Bangladesh Payment and Settlement Systems
Regulations, 2009

Submitted To
Md. Sajib Hossain
Lecturer
Department of Finance
Faculty of Business Studies
University of Dhaka
Submitted By
B. B. A. 16th Batch
Department of Finance
Faculty of Business Studies
University of Dhaka
Serial Number | Name | ID |
1 | Kazi jannattul Ferdous | 16-016 |
2 | Mahmudul Hasan | 16-018 |
3 | Sisili Rahman | 16-026 |
4 | Fariba Fowzia | 16-082 |
5 | Farhana Hoque | 16-170 |

Date of Submission
20 May, 2013

  1. Short Title and Commencement:
  2. The Objectives of the Regulations:
  a.   to regulate, and supervise payment systems
  b.   to regulate the transfer and movement of funds
  c.   to establish effective regulation  
  d.   to regulate the establishment and operations
e. to ensure secure and efficient arrangements

    \3. Definitions:
      Automated Teller Machine, Bank Company, Cash,    
      Cheque,   Cheque Image, Clearing, Designated
      Payment System,   Electronic Fund Transfer,
      Financial Institution,   Gross Settlement,
      Legal Tender,   Net Settlement,     Participant,
      Payment Instruction , Payment Instrument,
      Payment System, Payment System Operator,
      Payment System Participant, Payment Service  
      Provider,   Point of Sale Transfer e.t.c.
  4. Licensing, Authorizing and Designating Payment  
Systems:
    (i) any entity desiring to commence or continue
        operation of a payment systems or payment
        services in Bangladesh must apply                            
        license from the Bangladesh Bank with payment

      (ii) there be a presumption of right to continue
      The operations but such   entities shall be  
      Required to apply.
             

  5. Penalties for violation of conditions of license:
    a.   the Bangladesh Bank may direct a licensed...

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